Duck Creek Technologies to Acquire Swiss Payment Platform
Duck Creek Technologies has announced an agreement to acquire Imburse Payments, a modern payment platform in Switzerland.
Finance & Economics - page 110
Inflation in Eurozone Fall to 9.5%
For the first time in two months, inflation in the Eurozone was less than 10%. The preliminary consumer price index in the single euro area increased by 9.2% year-on-year in December. This figure in November was 10.1%. In October, the index was a record, its value was equal to 10.6%. Experts predicted inflation in the […]
Huobi Lays Off 20% of Employees, Denies Insolvency
The crypto exchange Huobi has confirmed plans to lay off 20% of its employees as part of the ongoing restructuring, following Justin Sun’s acquisition of the firm, but denied rumours of its insolvency
Americans Spent a Record $212B on Online Holiday Shopping
Online shopping considerably increased this holiday season despite economic downturn, as record-setting discounts helped offset the negative impact of high inflation
European SMEs Believe BaaS will Overtake Traditional Banking: Survey
Independent survey with over 1,000 business representatives from Europe shows the potential of Banking-as-a-Service (BaaS) which is expected to reach mainstream adoption within five years
Santander Launches Commercial Card Solution with Global Payments
Santander Bank partnered with Global Payments Inc. on a new commercial card offering for its Commercial Banking clients in the US
ECB Executive Urges to Assimilate Crypto with Gambling
ECB board member Fabio Panneta suggests trading unbacked crypto assets should be regulated similarly to gambling
Amazon Job Cuts Will Affect over 18,000 Employees
Amazon layoffs exceed earlier projections. The job cuts would represent over 5% of the company’s corporate workforce and continue over the coming weeks
CaixaBank to Explore AI Use for Cybersecurity
CaixaBank participates in the European research consortium along with eleven international entities to improve cybersecurity by leveraging AI and big data
Indonesia to Create a National Crypto Exchange in 2023
Indonesia makes moves to reform national regulation of the crypto industry, aims to create a crypto exchange this year
DNB Automates 50% of Chat Traffic with AI
Since October 2018, DNB has implemented a conversational AI chat platform as the first-line customer support. As of now, the bot has interacted with over one million customers
Indian Bank Introduces QR Code Bill Payment System for CESC
The new bill payment system enables customers to pay by scanning the dynamic QR code linked to the unified payments interface (UPI)
FTX Ex-Chief Pleads Not Guilty
Sam Bankman-Fried, the former head of the scandalous FTX crypto exchange, has pleaded not guilty to eight criminal charges regarding FTX bankruptcy
Shopify Introduces Commerce Components
Commerce Components by Shopify is the suite of API tools for enterprise retail enabling global retailers to integrate components of Shopify with their own systems
Report Reveals Banking Trends to Watch in 2023
Insider Intelligence highlighted four main banking trends that will emerge in 2023 to help customers weather the economic storms
Retailers Prepare to Close the Holiday Quarter: This Season was Different
As holiday shopping is coming to an end, the next few weeks would help determine the overall success of the 2022-2023 holiday quarter for retailers – so far, signals are mixed
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